Textron sells GlenLakes Golf Club

Posted on 11/14/2013, by Robert J. Vasilak

A group of 44 investors in Foley, Alabama have acquired one of Textron Financial Corporation’s unwanted assets.

Changing hands is GlenLakes Golf Club, a property that Textron claimed in 2008, when it assumed control of 14 golf properties owned by LinksCorp Holdings. The club, which opened in the mid 1980s, features an 18-hole course that was co-designed by Bruce Devlin and Robert Von Hagge as well as a nine-hole course. It reportedly has 160 members, and its 27-hole golf complex sees 35,000 rounds a year.

The new owners plan to spiff up the clubhouse and, according to the Foley Onlooker, “improve the look” of the golf course. “We want to take it back to the presentable condition that it was,” the club’s new president said.

The selling price hasn’t been disclosed, but Textron was asking for $2.3 million.